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Russian court does not consider stealing bitcoins a crime

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Russian Court Denies Theft Victim Access to Stolen Bitcoin

Russian court does not consider stealing bitcoins a crime

Russian court does not consider stealing bitcoins a crime
CONTENT

  • Russian court does not protect cryptocurrency

  • The ransomware received about 100 BTC from the victim

  • Cryptocurrencies are still illegal

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The Petrogradsky District Court of St. Petersburg rejected the petition of the injured citizen Sh., Who demanded compensation for the stolen 99.70 BTC, citing the fact that cryptocurrency is not an official asset and cannot be protected by law, like other material values.

Russian court does not consider stealing bitcoins a crime

Bitcoins were extorted under the guise of FSB officers

 

It became known that the Russian justice system does not consider the theft of cryptocurrencies as illegal. This decision was reached by the judge of the Petrogradskiy District Court, who was considering the case of the kidnapping and extortion of money from the victims Sh. And K. by two criminals. As stated in the explanation, Peter Piron and Yevgeny Prigozhin, having learned that citizen Sh. Has access to foreign currency accounts and is engaged in converting cryptocurrency into fiat money, decided to deceive the victim and seize his assets.

“Having information that Sh. Is involved in managing accounts and converting various types of cryptocurrencies, he tried to steal from Sh. A cryptocurrency worth at least 1,000,000 rubles by deception, which he would later dispose of at his own discretion, including by selling ( exchange) for cash, for which, during the mentioned period, he met twice with Sh .’s friend – K., and, posing as an FSB officer, reported false information about Sh.’s impending criminal liability for his activities with cryptocurrency, as well as the possibility of avoiding criminal liability, if Sh. transfers to his email addresses the cryptocurrency in the amount specified by him, ”the official statement said..

When the criminals failed to reach an agreement to issue funds, they decided to play the detention of Sh. Having gathered a group of 5 people, Piron and Prigozhin tracked down the victim, kidnapped him right near the entrance of their own house and extorted the transfer of bitcoins and fiat money to their wallets. Having succumbed to provocations and threats, the victim gave the kidnappers money: 5 million rubles and 99.70 bitcoins, which at the exchange rate at the date of the crime was over 48 million rubles.

Stealing bitcoins is not a crime

 

For more than two years, the investigating authorities investigated this crime and, in the end, the court, after long trials, delivered a verdict. Both kidnappers were sentenced to imprisonment. At the same time, Yevgeny Prigozhin will spend 8 years in prison, and the main organizer and performer, Peter Piron, was sentenced to 10 years in prison. At the same time, the criminals must compensate the damage caused to the victim in the amount of 5 million rubles..

Russian court does not consider stealing bitcoins a crime

As for the cryptocurrency that the victim had transferred by the kidnapper, the court excluded these assets from the victim’s petition..

“Taking into account the provisions of Article 209 of the Civil Code of the Russian Federation, Article 128 of the Civil Code of the Russian Federation, Article 158 of the Criminal Code of the Russian Federation, cryptocurrency is not the subject of a crime against property, due to the lack of legal status, it is not possible to recognize it as an object of civil law, this type of virtual money does not fall into any of the categories, is not a recognized means of payment on the territory of the Russian Federation, is classified by the legislator as surrogate funds. Under such circumstances, the court excluded the acquisition of cryptocurrency in the amount of 55,197,841 rubles 82 kopecks from the scope of the charge, “the court ruling says..

In other words, the Russian judicial system does not in any way protect cryptocurrency assets, which so far belong to the category of “surrogate” currencies, which means that any crimes related to the theft of bitcoins and other coins will get away with criminals. The state of affairs could be changed by the adoption of the bill “On digital payment assets”, the consideration of which is being delayed again. If lawmakers recognize crypto coins as a legal payment instrument, then they will be subject to the rules for protecting tangible assets. In the meantime, the question of the safety of the cryptocurrency is entirely up to the owner.

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